SINGAPORE (March 13): United Overseas Bank has issued the first Panda bond from Singapore, making it the second Southeast Asian financial institution to do so.
Panda bonds are Renminbi-denominated bonds issued by foreign companies.
UOB’s debut onshore RMB bond was priced at 3.49%, one of the lowest rates among all Panda bonds issued to date.
The three-year RMB2 billion (S$404.2 million) offering garnered strong demand with...(click on link for full story on theedgesingapore.com)